Around The State

October 5, 1985|By Deanne Brandon

BAYSHORE BANK of Florida has purchased Tower Bank N.A., which was declared insolvent by federal regulators and closed Thursday. The Hialeah Gardens bank, chartered in 1983, is the second Florida bank to fail this year. Miami-based Bayshore agreed to pay $829,000 for Tower's three offices, which are to reopen under Bayshore's name. . . . Scotty's Inc. reported sales of $110.3 million for its fiscal quarter ended Sept. 28, up 9 percent from $101.6 million in the same period a year earlier. The company, based in Winter Haven, operates building-supply and hardware stores.